Business News of Wednesday, 12 July 2017
Government has announced a 10 percent increase in the daily minimum wage for workers.
A statement issued by the Ministry of Employment and Labour Relations and cited by Citi Business News, said the decision was taken by the National Tripartite Committee.
The statement was jointly signed by Employment and Labour Relations Minister Ignatius Baffuor Awuah, for government, Terence Darko, for the Employers Association , and Dr Yaw Baah, for Labour.
By this, the new minimum wage is 9.68 cedis, up from 8.80 cedis, and expected to take effect on January 1, 2018.
“Accordingly, the committee directs that any establishment, institution or organization whose Daily Minimum Wage is below the new National Daily Minimum wage should adjust its wages upward with effect from 1st January, 2018,”
The statement explained that the conclusion was reached on Tuesday, July 11 after a meeting held by government, labour and the employers association.
“Any establishment, institution or organization that flouts the new rate shall be sanctioned in accordance with law,” it said.